Toronto Real Estate - Toronto Condos and Homes For Sale
February 7th, 2012 
Iris Li, B.A.
Sales Representative Toronto Real Estate Condos For Sale

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Talk of selling Toronto's Real Estate assets that total an amount of  $17.9-billion is heating up in the new mayoral race.

Here are five of the top targets for possible sale to help the city's financial woes.

  • Toronto Parking Authority: Value, $200-million to $500-million for wholly owned parking lots.
  • Enwave Energy Corp: Value, $100-million for the sale of the city's 43 per cent share in the company.
  • Toronto Hydro: Value, $1-billion up to $3-billion
  • Real Estate: Value, $17.9-billion for 7,096 Toronto owned properties.
  • TTC air rights: Value, determined by selling air rights above subway stations and along the subway lines.

With the new race for mayor begins more ideas on how Toronto can sell assets to bring down the debt, will take place in every department of the city to cash in the city's Real Estate portfolio.

Toronto Taxpayers are now in Real Estate development and only time will tell how successful we all we be.

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